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2265 —13' & Hwy 281
<br />Grand Island, NE
<br />200007945 `s �Y
<br />MEMORANDUM OF GROUND LEASE X C7
<br />THIS MEMORANDUM GROUND LEASE is entered into as of the 22nd day of
<br />69_p�eA6er 2000, between Robert M. Allen Family Limited Partnership, a Nebraska limited
<br />partnership ( "Landlord "), and Albertson's, Inc., a Delaware corporation ( "Tenant ")
<br />1. Premises: Landlord and Tenant have heretofore entered into a Ground Lease dated as of
<br />Se. of e M6e r 22 , 2000, (hereinafter called "Ground Lease "), whereby Landlord has
<br />leased and Tenant has hired, that certain real property located in the City of Grand Island, County
<br />of Hall, State of Nebraska, designated as Parcel 24 on Exhibit "A" attached hereto and made part
<br />hereof by this reference. The entire tract of land shown on Exhibit "A" of which the Leased
<br />Premises are a part is more particularly described in Schedule I attached hereto (the "Shopping
<br />Center ").
<br />2. Term: Landlord leases and Tenant rents the Leased Premises for (a) an interim term
<br />commencing on the date of the Ground Lease and terminating on the date the primary term
<br />commences and (b) for a primary term of twenty -five (25) consecutive years commencing on the
<br />first day of the earlier of (i) the date on which Tenant opens any building improvements
<br />constructed on the Leased Premises for business and (ii) Two Hundred Twenty (220) days
<br />following the execution of this Ground Lease, and terminating on the twenty -fifth (25)
<br />anniversary of the commencement date of the primary term.
<br />3. Option for Renewal: Tenant, at Tenant's option, in accordance with the terms of the
<br />Ground Lease, may extend the term of the Ground Lease for eight (8) consecutive periods of five
<br />(5) years each on the same terms and conditions, except length of term and rent, as the primary
<br />term.
<br />4. Tenant's Use: The Ground Lease provides as follows:
<br />4.1 Tenant may use the Leased Premises for any lawful purposes
<br />including, without limitation, FuelFacilities, convenience store and single bay car
<br />wash, provided that Tenant, its subtenants, assigns and successors shall not
<br />engage in any future use on the Leased Premises that is in conflict with (i) any
<br />exclusions or use restrictions in the Operating Documents, or (ii) any of the
<br />followingdescribed exclusions or use restrictions included in any lease, sale or
<br />other agreement involving any Parcel in the the Shopping Center, provided that
<br />Landlord has given Tenant, its subtenant, successor or assign written notice of any
<br />such exclusions or restrictions prior to the commencement of such use on the
<br />Leased Premises:
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<br />2265 —13' & Hwy 281
<br />Grand Island, NE
<br />200007945 `s �Y
<br />MEMORANDUM OF GROUND LEASE X C7
<br />THIS MEMORANDUM GROUND LEASE is entered into as of the 22nd day of
<br />69_p�eA6er 2000, between Robert M. Allen Family Limited Partnership, a Nebraska limited
<br />partnership ( "Landlord "), and Albertson's, Inc., a Delaware corporation ( "Tenant ")
<br />1. Premises: Landlord and Tenant have heretofore entered into a Ground Lease dated as of
<br />Se. of e M6e r 22 , 2000, (hereinafter called "Ground Lease "), whereby Landlord has
<br />leased and Tenant has hired, that certain real property located in the City of Grand Island, County
<br />of Hall, State of Nebraska, designated as Parcel 24 on Exhibit "A" attached hereto and made part
<br />hereof by this reference. The entire tract of land shown on Exhibit "A" of which the Leased
<br />Premises are a part is more particularly described in Schedule I attached hereto (the "Shopping
<br />Center ").
<br />2. Term: Landlord leases and Tenant rents the Leased Premises for (a) an interim term
<br />commencing on the date of the Ground Lease and terminating on the date the primary term
<br />commences and (b) for a primary term of twenty -five (25) consecutive years commencing on the
<br />first day of the earlier of (i) the date on which Tenant opens any building improvements
<br />constructed on the Leased Premises for business and (ii) Two Hundred Twenty (220) days
<br />following the execution of this Ground Lease, and terminating on the twenty -fifth (25)
<br />anniversary of the commencement date of the primary term.
<br />3. Option for Renewal: Tenant, at Tenant's option, in accordance with the terms of the
<br />Ground Lease, may extend the term of the Ground Lease for eight (8) consecutive periods of five
<br />(5) years each on the same terms and conditions, except length of term and rent, as the primary
<br />term.
<br />4. Tenant's Use: The Ground Lease provides as follows:
<br />4.1 Tenant may use the Leased Premises for any lawful purposes
<br />including, without limitation, FuelFacilities, convenience store and single bay car
<br />wash, provided that Tenant, its subtenants, assigns and successors shall not
<br />engage in any future use on the Leased Premises that is in conflict with (i) any
<br />exclusions or use restrictions in the Operating Documents, or (ii) any of the
<br />followingdescribed exclusions or use restrictions included in any lease, sale or
<br />other agreement involving any Parcel in the the Shopping Center, provided that
<br />Landlord has given Tenant, its subtenant, successor or assign written notice of any
<br />such exclusions or restrictions prior to the commencement of such use on the
<br />Leased Premises:
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